Ask HN: Does it make sense to hold my shares in an offshore company?

Re:Ask HN: Does it make sense to hold my shares in an offsho... by chmac on Friday January 16, 2015 @05:48PM (#8902258)

Interesting reading, thanks for the link. Who'd have known that HMRC used such elaborate language! :-)

In this case I'm imagining only holding shares offshore, not paying dividends, etc. So not sure if that article applies fully. But it sounds like the intention of HMRC is to restrict the ability of companies to move profits offshore to avoid paying UK tax.

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Re:Ask HN: Does it make sense to hold my shares in an offsho... by hackerboos on Friday January 16, 2015 @06:32PM (#8902488)

The problem is that you'd still be liable for capital gains in the UK if you sold shares held by your holding company. Keeping profits, from a sale or create by the company offshore via a holding company won't be allowed by HMRC.

The only way to avoid it, in event of a sale, is the leave the country and become non-resident for tax purposes.

This document summarises better than me:

http://www.nabarro.com/Downloads/Offshore_tax_residence.pdf

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